The total market cap excluding Bitcoin shows a significant breakout from a bull flag or parallel trading channel, followed by a retest. Currently, the market cap has reached a measured move that aligns with both the 1.618 and 1.886 Fibonacci retracement levels. It appears to be consolidating or bouncing between these two Fibonacci levels as it awaits further...
A nice bull flag is observable on the hourly chart. However, there are signs of bearish divergence on both the RSI and MACD, accompanied by decreasing volume. This suggests that the lower trendlines might be tested first, potentially reaching the structural support around 1.7.
Following this, we could anticipate a bullish turnaround. This could form the basis...
So, I've got my chart on XRP, and it's playing out as expected. Dropped down to retest the previous high, which lined up with the 618 retracement level. Now, we're pushing back up, hitting the 786 as resistance, which is holding for now. Market's seen a downturn, and oscillators are hinting at a sell-off. If it holds at the 786, there's potential for a breakout...
